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    1700 Taylor Ave Springfield, IL 62703

    Sponsored
    For Sale
    $1,400,000

    High-return climate-controlled facility in prime location.

    Property size:
    14,765 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 14,765 square foot self-storage facility, located at 1700 Taylor Ave in Springfield, Illinois (zip code 62703), presents a compelling investment opportunity. Completely renovated in Spring 2023, this climate-controlled facility boasts a strong lease-up trajectory, currently operating at 66% unit occupancy and 19% economic occupancy. Its strategic location at the intersection of two interstates—less than two miles from both I-55 and I-72—provides unparalleled accessibility and visibility. The property benefits from an institutional-quality build and is professionally managed, ensuring efficient operations and consistent revenue generation. The asking price for this high-performing asset is $1,400,000. This represents a rare chance to acquire a newly renovated, well-located self-storage facility with significant growth potential in a thriving market. The property's strong performance and prime location make it an ideal addition to any investment portfolio.

    Property Features for 1700 Taylor Ave

    General Information

    Property type
    Self storage facilities
    Square Feet
    14,765 SF

    Building Details

    Year Renovated
    2023

    HighLights

    • Newly constructed climate‑controlled self‑storage facility.
    • Opened Spring 2023.
    • Strong tenant occupancy growth.
    • Strategically located near major interstate interchange.
    • High‑quality construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    CubeSmart Self Storage Storage Facility

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.6190306
    Latitude
    39.78473

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    FAQs

    What type of property is this?
    Self storage facility - High-return climate-controlled facility in prime location.
    Where is this self storage facility located?
    The property is located at 1700 Taylor Ave Springfield, IL.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Newly constructed climate-controlled self-storage facility.; Opened Spring 2023.; Strong tenant occupancy growth.
    Request Owner's contact information
    1700 Taylor Ave Springfield, IL 62703
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1700 Taylor Ave Springfield, IL 62703
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